Opportunity abounds on this huge 3/4-acre high bank lakefront property in the historic Capitol Lake Neighborhood! With a spacious existing home and the potential for big lake views, it's brimming with possibilities for sweat equity or a fresh start. Add your own renovations to the home's original 1937 charm, which includes period details like exposed timber beams, wood paneling, hardwood floors, and a masonry fireplace. Perched above a private trail down to the lake, it's perfectly positioned to take advantage of the scenery. OR bring your contractor and design the lake view home of your dreams. Either way, you'll benefit from the $400million Capitol Lake restoration project currently underway. You'll also reap the rewards of a fabulous location in one of Olympia's nicest neighborhoods, just minutes to the Capitol Building, downtown Olympia, downtown Tumwater, and freeway access. Location, lakefront, and a lovely setting...all this property needs is your vision.
Property Type(s):
Single Family
|
Last Updated
|
9/25/2026
|
Tract
|
Olympia
|
|
Year Built
|
1937
|
Community
|
Olympia
|
|
County
|
Thurston
|
SCHOOLS
| Elementary School |
Lincoln Elementary |
| Jr. High School |
Wash Mid |
| High School |
Olympia High |
Additional Details
| AIR |
None |
| APPLIANCES |
Dishwasher, Dryer, Electric Water Heater, Refrigerator, Washer, Water Heater |
| AREA |
447 - Olympia North |
| BASEMENT |
Daylight, Partially Finished, Yes |
| CONSTRUCTION |
Metal Siding |
| FIREPLACE |
Yes |
| HEAT |
Forced Air, Natural Gas, Wood |
| INTERIOR |
Dining Room, Fireplace, Loft, Water Heater |
| LOT |
0.74 acre(s) |
| LOT DESCRIPTION |
Dead End Street, Paved, Sidewalk, Value In Land |
| MLS STATUS |
Active |
| PARKING |
Driveway, RV Access/Parking |
| STORIES |
1.5 |
| STYLE |
17 - 1 1/2 Stry w/Bsmt |
| SUBDIVISION |
Olympia |
| TAXES |
590 |
| UTILITIES |
Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Lake, Territorial |
| WATER |
Public |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
Waterfront |
Location
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/1/26 7:55 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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